Kraft Foods shifts stock listing to NASDAQ

By Allison Cerra

NORTHFIELD, Ill. — Kraft Foods announced that it has shifted its stock listing from the New York Stock Exchange to the NASDAQ global select market.

The company said its decision to shift its listing — which still will trade under the ticker symbol KFT — will yield greater cost efficiencies, while providing visibility advantages for the company's iconic brands. Kraft Foods begin trading on NASDAQ on June 26.

Kraft Foods added that once its business splits into two companies — a high-growth global snacks business called Mondelez International and a high-margin North American grocery business called Kraft Foods Group — later this year, both of these companies will trade on the NASDAQ exchange.